Altcoin SolanaThe price of the (left) price in recent days is difficult to overcome the $ 170 threshold. Bitcoin $106,616.75Although many subcoin acceleration with the rise of (BTC) gained momentum, the fact that the left price could not keep up with this wind caused question marks among investors. The fact that the uncertainties about corporate investment products are in progress creates pressure on the left coin. Technical indicators also indicate that the price is stuck on a critical threshold.
Corporate uncertainty and ETF delays cause pressure on the price
US Securities and Stock Exchange Commission‘s (SEC) 21shares and Bitwise to postpone the decision for the Spot Solana ETF applications made by institutions, increased the uneasiness on the market. For such products, which is an important building block for corporate investors, the delay of the decision can be predicted and limits the interest to the SOL. The uncertainty affect not only Solana, but also the general market dynamics. But some altcoinWhile turning this process into an advantage, the left cannot perform the same performance at the moment.
The fact that investors are undecided for Solana caused an increase of short positions. This is the upward potential of the price. With Bitcoin’s exceeding $ 106 thousand, the rise wave carried many Altcoins up, Left coin The price failed to overcome technical resistances. This causes investors to ask the question mi Is it in the background in the bull season ?.
The price is stuck according to the technique
In daily graphics Left price It decreased by about 6 percent and fell below its moving average bands. This tendency at the price led to the stuck Altcoin into a consolidated area. Currently left, rising wedge formationtesting the support line. If this support works, the price may remain in a more horizontal course for a while. However, the downward break may occur as in a classic wedge formation.
This kind of breakage may attract the price to $ 145–147 in the first place. However, technical analysis data show that it is possible to recover after this withdrawal. The depletion of sellers may cause recipients to take control of re -control. In such a scenario, the 200 -day moving average may no longer be a significant obstacle and the price can be moved to over 200 dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
